Workflow
Planet Fitness(PLNT)
icon
Search documents
Planet Fitness(PLNT) - 2023 Q1 - Quarterly Report
2023-05-07 16:00
Membership and Store Growth - As of March 31, 2023, Planet Fitness had over 18.1 million members and 2,446 stores across various regions, including the U.S., Canada, and Australia[128] - The company opened 36 new stores during the three months ended March 31, 2023, compared to 37 new stores in the same period of 2022[135] - Planet Fitness had commitments to open more than 1,000 new stores under existing agreements, indicating strong future growth potential[128] - The number of franchisee-owned stores increased to 2,211 as of March 31, 2023, from 2,062 a year earlier, demonstrating effective expansion strategies[135] Financial Performance - Total revenue for the three months ended March 31, 2023, was $222.2 million, a 19.0% increase from $186.7 million in the same period of 2022[130] - Net income for the three months ended March 31, 2023, was $24,769,000, compared to $18,376,000 for the same period in 2022, representing a year-over-year increase of 35.0%[149] - Adjusted net income for the three months ended March 31, 2023, was $36,391,000, compared to $28,548,000 in the prior year, indicating a 27.5% increase[149] - Net income attributable to Planet Fitness, Inc. was $22.7 million, an increase from $16.5 million in the prior year, reflecting a net income margin of 10.4%[158] Revenue Breakdown - Franchise revenue increased to $75.9 million, up $9.8 million or 14.8% from $66.1 million in the prior year, driven by a same-store sales increase of 9.7%[160] - Revenue from corporate-owned stores rose to $105.9 million, a 39.0% increase from $76.2 million, with $23.5 million attributed to the acquisition of 114 stores[162] - Equipment segment revenue decreased to $23.7 million, down $6.8 million or 22.3% due to lower equipment sales to new franchisee-owned stores[163] EBITDA and Operational Efficiency - Segment EBITDA for the Franchise segment was $64.7 million, up from $60.1 million year-over-year, while Corporate-owned stores segment EBITDA increased to $33.5 million from $23.4 million[130] - EBITDA for the three months ended March 31, 2023, was $88.0 million, an increase from $78.2 million in the same period of 2022, highlighting improved operational efficiency[130] - Adjusted EBITDA for Q1 2023 was $90,211,000, up from $76,687,000 in Q1 2022, reflecting a growth of 17.6%[149] Cash Flow and Capital Expenditures - For the three months ended March 31, 2023, net cash provided by operating activities was $97.9 million, an increase of $39.9 million compared to $58.0 million in the same period of 2022[183] - Net cash used in investing activities decreased to $23.0 million from $449.7 million in the prior year, primarily due to a $425.8 million cash outflow for the Sunshine Acquisition in the previous period[184] - Total capital expenditures for the three months ended March 31, 2023, were $22.997 million, slightly down from $23.872 million in the same period of 2022[184] Legal and Financial Liabilities - The company recorded a legal liability increase of $3,300,000 related to a settlement agreement, bringing the total estimated liability to $11,850,000 as of March 31, 2023[147] - Interest expense for Q1 2023 was $21,599,000, slightly down from $22,631,000 in Q1 2022, showing a decrease of 4.6%[149] - The provision for income taxes was $9,567,000 in Q1 2023, compared to $11,711,000 in Q1 2022, representing a decrease of 18.3%[149] Market and Economic Conditions - Future operating performance and ability to service debt will be influenced by economic conditions and various uncontrollable factors[180] - The company is exposed to foreign exchange fluctuations, particularly with the Canadian dollar, Mexican peso, and Australian dollar, but a 10% change in exchange rates would have a negligible impact on net income[192]
Planet Fitness(PLNT) - 2023 Q1 - Earnings Call Transcript
2023-05-04 17:00
Planet Fitness, Inc. (NYSE:PLNT) Q1 2023 Earnings Conference Call May 4, 2023 8:00 AM ET Company Participants Stacey Caravella - Vice President, Investor Relations Chris Rondeau - Chief Executive Officer Tom Fitzgerald - Chief Financial Officer Edward Hymes - President & Chief Operating Officer Conference Call Participants Randy Konik - Jefferies Simeon Siegel - BMO Capital Markets Maksim Rakhlenko - Cowen Chris O'Cull - Stifel Jonathan Komp - Baird Rahul Krotthapalli - JPMorgan John Heinbockel - Guggenheim ...
Planet Fitness(PLNT) - 2022 Q4 - Annual Report
2023-02-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-37534 PLANET FITNESS, INC. (Exact name of Registrant as specified in its Charter) (State or Other Jurisdiction of Incorporation or Organ ...
Planet Fitness(PLNT) - 2022 Q4 - Earnings Call Transcript
2023-02-23 18:57
Planet Fitness, Inc. (NYSE:PLNT) Q4 2022 Earnings Conference Call February 23, 2023 8:00 AM ET Company Participants Stacey Caravella - Vice President of Investor Relations Chris Rondeau - Chief Executive Officer Tom Fitzgerald - Chief Financial Officer Edward Hymes - President and Chief Operating Officer Conference Call Participants Simeon Siegel - BMO Capital Markets John Heinbockel - Guggenheim Brian Harbour - Morgan Stanley Alex Perry - Bank of America Jonathan Komp - Baird Joe Altobello - Raymond James ...
Planet Fitness(PLNT) - 2022 Q4 - Earnings Call Presentation
2023-02-23 13:17
Stacey Caravella VP, Investor Relations Same store sales refers to year-over-year sales comparisons for the same store sales base of both corporate-owned and franchisee-owned stores, which is calculated for a given period by including only sales from stores that had sales in the comparable months of both years. We define the same store sales base to include those stores that have been open and for which monthly membership dues have been billed for longer than 12 months. We measure same store sales based sol ...
Planet Fitness(PLNT) - 2022 Q3 - Earnings Call Transcript
2022-11-08 19:43
Planet Fitness, Inc. (NYSE:PLNT) Q3 2022 Earnings Conference Call November 8, 2022 8:00 AM ET Company Participants Stacey Caravella - Vice President of Investor Relations Chris Rondeau - Chief Executive Officer Tom Fitzgerald - Chief Financial Officer Conference Call Participants Randy Konik - Jefferies Brian Harbour - Morgan Stanley Joe Altobello - Raymond James Alex Perry - Bank of America Warren Cheng - Evercore ISI Max Rakhlenko - Cowen & Company Jonathan Komp - Robert W. Baird & Co. Simeon Siegel - BMO ...
Planet Fitness(PLNT) - 2022 Q3 - Quarterly Report
2022-11-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________to ______________ Commission file number: 001-37534 PLANET FITNESS, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdicti ...
Planet Fitness(PLNT) - 2022 Q2 - Earnings Call Transcript
2022-08-09 16:06
Planet Fitness, Inc. (NYSE:PLNT) Q2 2022 Results Conference Call August 9, 2022 8:00 AM ET Company Participants Stacey Caravella - VP, IR Chris Rondeau - CEO Tom Fitzgerald - CFO Dorvin Lively - President Conference Call Participants Randy Konik - Jefferies John Heinbockel - Guggenheim Partners Brian Harbour - Morgan Stanley Max Rakhlenko - Cowen & Company Sharon Zackfia - William Blair Jonathan Komp - Baird John Ivankoe - JP Morgan Garrett Klingshirn - BMO Capital Alex Perry - Bank of America Chris O'Cull ...
Planet Fitness(PLNT) - 2022 Q2 - Quarterly Report
2022-08-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________to ______________ Commission file number: 001-37534 PLANET FITNESS, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of ...
Planet Fitness(PLNT) - 2022 Q1 - Earnings Call Transcript
2022-05-10 16:28
Planet Fitness, Inc. (NYSE:PLNT) Q1 2022 Earnings Conference Call May 10, 2022 8:00 AM ET Company Participants Stacey Caravella - Investor Relations Chris Rondeau - Chief Executive Officer Tom Fitzgerald - Chief Financial Officer Conference Call Participants Randy Konik - Jefferies Brian Harbour - Morgan Stanley Max Rakhlenko - Cowen and Company Sharon Zackfia - William Blair Simeon Siegel - BMO Capital Markets John Ivankoe - JPMorgan Jonathan Komp - Baird John Heinbockel - Guggenheim Warren Cheng - Evercor ...